Job Description

Closing Date 2023/09/20
Reference Number MMH230626-1
Referral Platform URL
Job Title Actuarial Analyst
Position Type Permanent
Role Family Actuarial
Cluster Risk Management
Remote Opportunity Some of the time
Location - Country South Africa
Location - Province Western Cape
Location - Town / City CAPE TOWN
Introduction

Through our client-facing brands Metropolitan and Momentum, with Multiply (wellness and rewards programme), and our other specialist brands, including Guardrisk and Eris Property Group, the group enables business and people from all walks of life to achieve their financial goals and life aspirations.

We help people grow their savings, protect what matters to them and invest for the future. We help companies and organizations care for and reward their employees and members. Through our own network of advisers or via independent brokers and utilizing new platforms Momentum Metropolitan provides practical financial solutions for people, communities and businesses.

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Role Purpose

The purpose of this role is to support the group's ORSA processes, including the analysis and reporting of risk appetite, projected balance sheets, stress testing and solvency results, and assisting in the production of the quarterly and annual ORSA reports. You will also support the ongoing development and embedding of the group's risk appetite and ORSA frameworks in business decision-making, capital management and planning. In addition, you will assist in the analysis and reporting of the groupxe2x80x99s capital capacity, as well as the review and allocation of required capital to business units.

You will be joining a demanding and diverse team that will ensure that you remain engaged and challenged. As a member of the Group Risk Function based in Cape Town, the role offers a unique opportunity to gain significant exposure and experience of a large composite insurance group at group level. It offers the opportunity to gain insight into the management of solvency and capital at a group level, while interacting with stakeholders across the multiple business units, including the Head of Actuarial Function and Chief Risk Officer. You will be expected to apply your keen interest to gain new knowledge and skills to enhance processes and reporting, and to develop a detailed knowledge of the group and its business units. This will ensure that your career is well positioned to benefit from a range of roles and opportunities in the diverse Momentum Metropolitan Group.
Requirements

• Actuarial student making strong progress with the exams

• At least 1xe2x80x933 years of experience in a life insurance company or life insurance consultancy role.

• Previous SAM and/or other valuations experience would be an advantage.

Duties & Responsibilities

• Analysis of risk appetite, stress testing, solvency and projected balance sheet results

• Supporting the development and optimisation of the group's risk appetite and ORSA frameworks.

• Providing assistance with the quarterly and annual ORSA reporting of risk profiles, risk appetite, solvency and projected balance sheet results.

• Supporting the development of the group's solvency and capital framework and target solvency levels.

• Supporting the continuing development of the group's stress testing framework to appropriately address the ORSA requirements.

• Providing assistance with the analysis and reporting of available, discretionary and surplus capital capacity.

• Supporting the review of required capital and the allocation thereof to business units.

Competencies

• Analytical thinker with a good technical understanding of life insurance business

• Strong communication, presentation and report writing skills

• Keen interest in risk and capital management

• Be able to build strong relationships with colleagues from across the business, and maintain awareness of the regulatory and commercial environment

• An attention to detail and a dedication to technical excellence

• Strong desire to add value and drive development

• Self-starter that can work independently

Policy

We are committed to Employment Equity, diversity and inclusion when recruiting internally and externally. All appointments are made in alignment to our Employment Equity goals and we encourage people with disabilities to apply.

Momentum Metropolitan